A(n)____ guarantees the owner a fixed or floating interest rate for predetermined period of time with full return of the initial amount invested
a. guaranteed investment contract (GIC)
b. unit investment trust
c. index fund
d. mortgage-backed fund
a
You might also like to view...
If your purpose is to analyze, persuade, or collaborate, you should organize your speech around conclusions and recommendations or a logical argument
Indicate whether the statement is true or false.
Distinguish between wisdom and knowledge.
What will be an ideal response?
The yield to maturity on a bond
A) is fixed in the indenture. B) is lower for higher risk bonds. C) is generally below the coupon interest rate. D) is the required rate of return on the bond.
Valley Mart told its employees that they would be fired if they actively supported a unionizing effort. Valley Mart has committed an unfair labor practice.
Answer the following statement true (T) or false (F)